3 Bed Terraced House, Refurb/BRRR, London, N3 2HN, £800,000

Cadogan Gardens, Finchley Central, N3 2HN - 4 views - 3 months ago

Under Offer

Refurb/BRRR

~93 m²

+8 photos

ValuationOvervalued

Sold Prices	£460K - £1.3M
Sold Prices/m²	£4.8K/m² - £21.1K/m²

Square Metres	~93 m²
Price/m²	£8.6K/m²
Value Estimate	£579,275£579,275

End Value (After Refurb)	£651,650£651,650

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£200,000£200,000
Stamp Duty & Legal Fees	£52,700£52,700
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£21,000£21,000
Total Cash In	£324,650£324,650

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£651,650£651,650
Mortgage (After Refinance)	£488,738£488,738
Mortgage LTV	75%75%
Cash Left In	£324,650£324,650
Equity	£162,913£162,913
Rent Range	£1,950 - £3,800£1,950 - £3,800
Rent Estimate	£2,603
Running Costs/mo	£2,577£2,577
Cashflow/mo	£26£26
Cashflow/yr	£312£312
ROI	0%0%
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £460K to £1.3M, average is £706K. £4.8K/m² to £21.1K/m², average is £6.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£805K	09/21	0.02 mi	9, Cadogan Gardens, London, Greater London N3 2HN	£7,667	105	3	Terraced House
£815K	03/21	0.02 mi	24, Cadogan Gardens, London, Greater London N3 2HN	-	-	3	Terraced House
£650K	04/23	0.16 mi	144, Squires Lane, London, Greater London N3 2QT	-	-	3	Terraced House
£785K	06/21	0.16 mi	35, Hervey Close, London, Greater London N3 2HG	-	-	3	Semi-Detached House
£995K	07/23	0.18 mi	39, Claverley Grove, London, Greater London N3 2DG	£9,189	108	3	Terraced House
£1.3M	12/20	0.21 mi	9, Park Avenue, London, Greater London N3 2EJ	£12,908	98	3	Terraced House
£982K	11/22	0.22 mi	94, Lichfield Grove, London, Greater London N3 2JN	-	-	3	Semi-Detached House
£1.0M	11/22	0.24 mi	120, Lichfield Grove, London, Greater London N3 2JN	-	-	3	Semi-Detached House
£645K	10/20	0.25 mi	177, Squires Lane, London, Greater London N3 2AA	£5,287	122	3	Terraced House
£650K	02/21	0.26 mi	84, Rosemary Avenue, London, Greater London N3 2QN	£5,702	114	3	Semi-Detached House
£600K	05/21	0.26 mi	22, Montpelier Road, London, Greater London N3 2ER	-	-	3	Semi-Detached House
£625K	09/23	0.26 mi	21, Montpelier Road, London, Greater London N3 2ER	£5,841	107	3	Semi-Detached House
£675K	11/21	0.26 mi	126, Squires Lane, London, Greater London N3 2AB	-	-	3	Terraced House
£880K	01/21	0.26 mi	149, Etchingham Park Road, London, Greater London N3 2EE	£7,395	119	3	Terraced House
£615K	10/22	0.27 mi	17, Montpelier Road, London, Greater London N3 2ER	-	-	3	Terraced House
£765K	02/23	0.28 mi	56, Rosemary Avenue, London, Greater London N3 2QN	£6,786	113	3	Terraced House
£707K	11/20	0.28 mi	36, Rosemary Avenue, London, Greater London N3 2QN	£6,662	106	3	Terraced House
£750K	09/21	0.28 mi	3, St Pauls Way, London, Greater London N3 2PP	£6,209	121	3	Semi-Detached House
£615K	02/21	0.29 mi	1, Cromwell Road, Finchley, London, Greater London N3 2ET	£6,685	92	3	Semi-Detached House
£681.5K	11/20	0.29 mi	6, Cromwell Road, Finchley, London, Greater London N3 2ET	£7,328	93	3	Semi-Detached House
£695K	02/23	0.31 mi	5, Avondale Road, London, Greater London N3 2EU	£6,495	107	3	Terraced House
£580K	11/20	0.31 mi	34, Avondale Road, London, Greater London N3 2ES	£5,133	113	3	Terraced House
£680K	04/23	0.31 mi	18, Avondale Road, London, Greater London N3 2ES	£5,763	118	3	Terraced House
£825K	11/22	0.31 mi	27, Rosemary Avenue, London, Greater London N3 2QP	-	-	3	Terraced House
£752K	11/21	0.32 mi	14, Cornwall Avenue, London, Greater London N3 1LD	-	-	3	Terraced House
£460K	09/22	0.32 mi	221, Long Lane, London, Greater London N3 2RL	£6,183	74	3	Terraced House
£780.8K	10/22	0.33 mi	15, Avondale Road, London, Greater London N3 2EU	£15,616	50	3	Terraced House
£637.5K	12/20	0.33 mi	5, Avondale Road, London, Greater London N3 2EU	£5,958	107	3	Terraced House
£570K	06/21	0.33 mi	47, Avondale Road, London, Greater London N3 2EU	-	-	3	Terraced House
£551K	03/21	0.33 mi	41, Avondale Road, London, Greater London N3 2EU	£6,261	88	3	Terraced House
£617K	12/22	0.33 mi	47, Avondale Road, London, Greater London N3 2EU	-	-	3	Terraced House
£1.0M	11/22	0.33 mi	90, Woodlands Avenue, London, Greater London N3 2NR	£10,215	98	3	Terraced House
£850K	01/23	0.34 mi	27, Briarfield Avenue, London, Greater London N3 2LG	-	-	3	Terraced House
£780K	10/20	0.35 mi	83, Queens Avenue, London, Greater London N3 2NN	£5,493	142	3	Terraced House
£653.3K	03/21	0.39 mi	72, Squires Lane, London, Greater London N3 2AP	£6,163	106	3	Terraced House
£1.1M	08/23	0.39 mi	20, Briarfield Avenue, London, Greater London N3 2LH	£10,030	110	3	Semi-Detached House
£955K	06/21	0.39 mi	3, Holmwood Gardens, London, Greater London N3 3NS	-	-	3	Semi-Detached House
£736.5K	06/21	0.39 mi	28, Tangle Tree Close, London, Greater London N3 2TR	£6,819	108	3	Semi-Detached House
£750K	11/22	0.41 mi	44, Clifton Road, London, Greater London N3 2AR	£7,653	98	3	Terraced House
£705K	02/22	0.42 mi	19, Wentworth Avenue, London, Greater London N3 1YA	£6,845	103	3	Detached House
£1.1M	03/21	0.44 mi	353, Nether Street, London, Greater London N3 1JN	£21,143	53	3	Semi-Detached House
£635K	02/21	0.46 mi	67, Squires Lane, London, Greater London N3 2AN	£5,721	111	3	Terraced House
£750K	12/20	0.46 mi	3, Bow Lane, London, Greater London N12 0JR	£4,902	153	3	Terraced House
£557K	06/23	0.46 mi	14, The Mead, London, Greater London N2 8LD	£5,255	106	3	Terraced House
£586.3K	02/24	0.46 mi	326, Long Lane, London, Greater London N2 8JP	£5,922	99	3	Terraced House
£925K	10/23	0.47 mi	88, Bow Lane, London, Greater London N12 0JP	£8,551	108	3	Semi-Detached House
£635K	04/21	0.48 mi	13, Glebe Road, London, Greater London N3 2BA	£4,847	131	3	Terraced House
£655K	10/20	0.48 mi	47, Howcroft Crescent, London, Greater London N3 1PA	£6,298	104	3	Semi-Detached House
£675K	04/21	0.48 mi	7, Howcroft Crescent, London, Greater London N3 1PA	£7,584	89	3	Semi-Detached House
£890K	01/23	0.48 mi	25, Howcroft Crescent, London, Greater London N3 1PA	£7,063	126	3	Semi-Detached House

Local Rents

49 rents from £1.9K/mo to £3.8K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,745	02/25	0.09 mi	-	3	Flat
£2,800	01/25	0.12 mi	-	3	Flat
£2,750	08/24	0.16 mi	Princes Avenue, London, N3	3	Flat
£2,100	05/24	0.17 mi	Squires Lane, Finchley	3	Flat
£2,500	05/24	0.18 mi	Station Road, Finchley Central, London, N3	3	Flat
£2,650	08/24	0.19 mi	Finchley, London, N3	3	Flat
£2,550	09/24	0.19 mi	-	3	Flat
£2,400	05/24	0.2 mi	Station Road, Finchley, N3	3	Flat
£2,300	02/24	0.21 mi	Station Road, Finchley, London, N3	3	Flat
£3,000	05/24	0.21 mi	Long Lane, Finchley	3	Detached House
£3,500	06/24	0.23 mi	Long Lane, Finchley Central, London N3	3	Flat
£2,000	07/24	0.23 mi	Lichfield Grove, Finchley	3	Flat
£2,650	11/24	0.25 mi	-	3	Flat
£2,300	07/24	0.25 mi	Manor View, Finchley	3	Flat
£2,550	11/24	0.25 mi	-	3	Flat
£2,550	11/24	0.25 mi	-	3	Flat
£2,300	06/24	0.26 mi	Long Lane, Finchley	3	House
£2,100	03/25	0.27 mi	-	3	Flat
£3,000	01/25	0.27 mi	-	3	Terraced House
£2,500	05/24	0.28 mi	Ballards Lane, Finchley, London, N3	3	Flat
£2,750	06/24	0.28 mi	Nursery Avenue, Finchley, N3	3	Terraced House
£3,000	06/24	0.28 mi	-	3	Flat
£2,253	06/24	0.29 mi	Ballards Lane, Finchley, N3	3	Flat
£2,253	07/24	0.29 mi	Ballards Lane, Finchley, N3	3	Flat
£2,253	06/24	0.29 mi	Ballards Lane, Finchley, N3	3	Flat
£3,200	07/24	0.3 mi	Ballards, Finchley, N3	3	Flat
£2,500	05/24	0.31 mi	Manor View, Finchley, N3	3	Flat
£2,750	07/24	0.31 mi	Rosemary Avenue, Finchley, N3	3	Terraced House
£2,100	06/24	0.32 mi	Abingdon Road, Finchley	3	Flat
£2,000	06/24	0.32 mi	Abingdon Road, Finchley	3	Flat
£2,400	01/25	0.34 mi	-	3	Flat
£2,400	01/25	0.34 mi	-	3	Flat
£3,200	07/24	0.35 mi	BALLARDS LANE, Finchley Central, London, N3	3	Flat
£1,950	05/24	0.35 mi	Cornwall Avenue, Finchley Central, N3	3	Detached House
£3,000	06/24	0.36 mi	Regents Park Road, Finchley, London, N3	3	Flat
£2,750	08/24	0.37 mi	Brownlow Road, Finchley, N3	3	Flat
£2,750	03/25	0.38 mi	-	3	Flat
£2,800	07/24	0.38 mi	Park Crescent, Finchley Central, London	3	Flat
£2,100	07/24	0.39 mi	The Grove, London, N3	3	Flat
£2,200	06/24	0.42 mi	Manor Cottages Approach, East Finchley	3	House
£2,400	08/24	0.43 mi	Clifton Road, Finchley Central	3	Terraced House
£3,000	06/24	0.44 mi	Gruneisen Road, Finchley, London, N3	3	Terraced House
£3,300	05/24	0.45 mi	SQUIRES LANE, Finchley Central, London, N3	3	Terraced House
£2,850	11/24	0.46 mi	-	3	Terraced House
£2,400	05/24	0.47 mi	Nether street, Finchley central, London, N3 - GARDEN FLAT	3	Flat
£2,350	05/24	0.48 mi	Glebe Road, Finchley, London, N3	3	Flat
£2,200	05/24	0.48 mi	Etchingham Court, Etchingham Park Road, London, N3	3	Flat
£2,800	03/25	0.49 mi	-	3	Flat
£3,800	05/24	0.49 mi	-	3	Flat

Local Area Statistics

Population in N3	26,58426,584
Population in London	4,771,9214,771,921
Town centre distance	6.10 miles away6.10 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.25 miles away0.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-30%-30%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £800,000

January 16, 2025

Floor Plans

Description

Three Double Bedrooms +
Two Reception Rooms +
Separate Kitchen +
High Ceilings +
Potential To Extend (STPP) +
Mature Rear Garden +

Conveniently located off the ever-popular Oakfield Road and just minutes from local shops, amenities, and Finchley Central Tube Station (Northern Line), is this charming unmodernised three-bedroom, two-reception family home. Offered chain free, the property boasts excellent potential for further development (STPP), making it an exciting opportunity for buyers seeking to create their dream home. Key features include a separate kitchen, two well-proportioned reception rooms, double glazing, and gas central heating. The property’s spacious layout and prime location present an ideal canvas for modernisation while retaining its family-friendly appeal. This delightful home is situated in a highly sought-after area, providing both convenience and a welcoming community atmosphere. To fully appreciate the superb location, potential, and charm of this property, internal viewings are highly recommended. Contact the vendors' sole agents, Adam Hayes Estate Agents, to arrange your visit today.

Agent Details

Adam Hayes Estate Agents, Finchley Central, N3

020 3834 8296

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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